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REPORT OVERVIEW
- This report offers market size & forecast data for the pharmaceutical packaging market in the US. The revenue generated from the sale of pharmaceutical packaging materials and products are included in the report. Revenue generated by service providers are excluded from the scope of the report. This report provides a comprehensive and current market scenario of the US pharmaceutical packaging, including the US pharmaceutical packaging market size, anticipated market forecast, relevant market segmentations, and industry trends.
- The study considers a detailed scenario of the present pharmaceutical packaging market and its market dynamics for 2023-2028 in the US. It covers a detailed overview of several market growth enablers, restraints, and trends. The report offers both the demand and supply aspects of the market. It profiles and examines leading companies and other prominent players operating in the market.
MARKET DEFINITION
Pharmaceutical packaging is the packaging process for pharmaceutical preparations, and it is an integral part of the pharmaceutical product. Packaging often involves dosing, dispensing, and using the pharmaceutical product. Packaging plays a significant role in keeping the drug safe, and one of the important aspects is that the material used for the packaging of the drugs should remain safe as it should not react with the drug packaged.
KEY HIGHLIGHTS
- The US pharmaceutical packaging market was valued at $28.33 billion in 2022 and is projected to reach $36.58 billion in 2028, with a compound annual growth rate (CAGR) of 4.35%, during the study period.
- In 2022, the US accounted for a significant market share in the North America Pharmaceuticals packaging market due to increasing demand for prescription drugs, leading pharmaceutical players, well-developed infrastructure, high investments in drug development, and high per capita income.
- Primary Packaging accounted for the highest share of more than 70% in the US Pharmaceutical packaging market due to the growing demand for blister packs, bottles, vials, ampoules, pouches, sachet, and bags with the increasing demand for pharmaceuticals.
- Based on primary packaging type, the strips & blister packaging segment accounted for a 33.50% market share in the US pharmaceutical packaging market. It dominated the other segments due to its wide usage as an essential primary packaging element for pharmaceutical products.
- Based on material type, the paper segment accounts for a 38.92% US Pharmaceutical packaging market share that can be attributable to its highest demand in secondary & tertiary packaging and increasing demand for recyclable materials.
- The pharmaceutical and biotech companies accounted for the highest share of more than 46% in the US Pharmaceutical packaging market, owing to the growing aged population, growing demand for branded drugs, OTC drugs, and specialty medicines, increasing patent expiring drugs, and higher drug prices.
- Amcor, Aptar Group, Berry Global, Laser Gerresheimer, and WestRock are the leading US Pharmaceutical Packaging market players. The market offers tremendous growth opportunities for existing and future/emerging players because of innovations in oncology, autoimmune and diabetes treatment, chronic ailments, and rare diseases.
VENDOR ANALYSIS
- Amcor
- Aptar Group
- Berry Global
- Gerresheimers AG
- WestRock Pharmaceuticals
- ACG
- Airnov
- Becton, Dickinson and company (BD)
- Bilcare Research
- Borosil
- CCL
- Drug Plastics Group
- DWK Life Sciences
- LOG
- Meghmani Group
- Nolato
- Nemera
- PolyCine
- Renolit
- Specialty Polyfilms
- Vetter
- West Pharmaceuticals
- Wihuri Group
- Comar
- Constantia
- Kp
- Nipro
- Medical Packaging Inc
- Bandall
REPORT HIGHLIGHTS
PRODUCT SEGMENTATION & FORECAST
- Packaging type
- Primary
- Secondary
- Tertiary
- Primary Packaging type
- Ampoules
- Vials
- Blisters & Strip
- Bottles & Jars
- Containers & Tubes
- Pouches & Sachets
- Others
- Material type
- Paper
- Glass
- Plastic
- Others
- End-user type
- Pharmaceuticals & Biotech Companies
- CMOs/CDMOs
- Others
MARKET STRUCTURE
- Market Dynamics
- Competitive Landscape of the Pharmaceutical Packaging Market
- Key Vendors
- Other Prominent Vendors
APPENDIX
- Research Methodology
- Abbreviations
Table of Contents
Companies Mentioned
- Amcor
- Aptar Group
- Berry Global
- Gerresheimers AG
- WestRock Pharmaceuticals
- ACG
- Airnov
- Becton, Dickinson and company (BD)
- Bilcare Research
- Borosil
- CCL
- Drug Plastics Group
- DWK Life Sciences
- LOG
- Meghmani Group
- Nolato
- Nemera
- PolyCine
- Renolit
- Specialty Polyfilms
- Vetter
- West Pharmaceuticals
- Wihuri Group
- Comar
- Constantia
- Kp
- Nipro
- Medical Packaging Inc
- Bandall
Methodology
Our research comprises a mix of primary and secondary research. The secondary research sources that are typically referred to include, but are not limited to, company websites, annual reports, financial reports, company pipeline charts, broker reports, investor presentations and SEC filings, journals and conferences, internal proprietary databases, news articles, press releases, and webcasts specific to the companies operating in any given market.
Primary research involves email interactions with the industry participants across major geographies. The participants who typically take part in such a process include, but are not limited to, CEOs, VPs, business development managers, market intelligence managers, and national sales managers. We primarily rely on internal research work and internal databases that we have populated over the years. We cross-verify our secondary research findings with the primary respondents participating in the study.
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